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YM Traders
- Thread starter volente_00
- Start date
Blackguard
Nice trade
Nice trade
Long 10481
20 point stop
20 point stop
I stepped in front of a traina dn it ran me over. Nothing like getting your stops hit at both the high and low of the day.
In hindsight, shorting at 10480 at the bottom of my Bollinger band was not a good idea. 10490 a bit later would have been better.
Also my target was too optimistic given how much YM had already come down.
Seeing how trading was going towards the end of the day, I ended up exiting at 10468.
Is it bad that I adjust my target (and potentially my stop) ?
P.S. I am a beginner with 1 contract.
Edit:
And I was confused, thinking of the support for the cash Dow. Should have been aware that there was support for this contract at 10460.
Seeing as how YM is continuing lower after 4pm ET, maybe I should have kept my original target. Oh well.
Also my target was too optimistic given how much YM had already come down.
Seeing how trading was going towards the end of the day, I ended up exiting at 10468.
Is it bad that I adjust my target (and potentially my stop) ?
P.S. I am a beginner with 1 contract.
Edit:
And I was confused, thinking of the support for the cash Dow. Should have been aware that there was support for this contract at 10460.
Seeing as how YM is continuing lower after 4pm ET, maybe I should have kept my original target. Oh well.
Quote from tc5:
short 10480
target 10430
stop 10500
Congrats on the trade. Can you please explain how you thought of that setup?
Quote from blackguard:
volente, I see you are still here grinding it out day to day. This thread has really grown.
went short at 10586 to 10589 dec YM contract.
multi day trade. target 100 points to the downside.
good luck to all,
blackguard